In most of our entities, cashflow is fundamental. An organization is valuable for what the cash in the bank can pay for, not what the balance sheet says. Liquidity determines more than the balance, it determines what you can invest and what you can put up with, which strategies to implement.

But what is the absolutely most important thing I should look into?

The CASHFLOW. What do we do with it?

a) Replace Work Capital (Resources that an entity needs to perform its operations without setbacks)

2) Sales areas (exchangers and BD) know their financial targets. These goals are being met every month and/or we are readjusting expenditure accordingly

3) There is a budget execution report monthly sent to your EB/MC and a quarterly report sent to the Assembly

4) There is administrative and legal management support for the core. Things like reviewing financial model of proposals, checking the agreements, collection of payment, auditing of visas and health insurance, there is volume management of peak preparation

5) There is an assessment on finance standard fulfillment in your entity and an implementation timeline